New analysis from Research and Markets expects the cybersecurity market in Asia Pacific to achieve a 15.15 percent compound annual growth rate from 2014 through 2019 due to increased demand for cloud-based security services in the region.
The report noted the surge in tablet and laptop use as a major market driver.
“With the rising need to integrate networks with mobile devices of employees, demand for security solutions to prevent misuse of confidential data through fraudulent activities has also been on the rise,” Research and Markets said Monday.
It identified employment costs, implementation time and extra infrastructure requirements as areas that could present challenges to the market.
The report lists BAE Systems, Cisco Systems, Lockheed Martin, Northrop Grumman, Raytheon, Symantec, Boeing, CSC, EMC, Fortinet, Hewlett-Packard, IBM, Kaspersky Lab, L-3 Communications, McAfee and TrendMicro as the key market players.